Forex Broker Comparison 2020 by Pipbear

Forex Broker Comparison 2020 by Pipbear

As you probably know, I have accounts with 3 brokers: EasyMarkets, FXPro and XM. These 3 have the best conditions for my trading style and I can advise you switching to one of these brokers if you are not confident about your current broker.

Below you can find a comparison table of popular FX brokers. I have collected actual data from the official sites, added ForexPeaceArmy ratings, and other numbers that may help you to make the right choice. In this article I explain which criteria are most useful to compare brokers.

In this article I have explained important criteria to choose a trading company. Questions left? Email me at [email protected]

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Broker Minimum to Open Live Cent account ECN account Typical spread Avg Rebate per lot Quote accuracy Execution type Max leverage Trading Platform Est Since Regulation Pamm accounts VPS service Assets Mobile Trading EAs/Robots Minimum trade size Islamic account
My Choice $25 1.8 $7 5 IE/ME 1:400 easyMarkets Platform, easyMarkets Trading App, MetaTrader4 2001 CySEC, MiFID, ASIC FOREX, CFDS, Vanilla Options, Bitcoin, Ripple, Ethereum 0.01 Open account
My Choice $100 1.7 $4.39 5 IE/ME 1:500 MT4, MT5, cTrader, Web 2006 SCB, CySEC FOREX, Cryptocurrencies, Metals, Energies, Indices, Shares, Commodities 0.01 Open account
My Choice $5 1.7 $8.00 5 ME 1:888 MT4, MT5, Web 2009 CySEC, ASIC, IFSC FOREX, CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs 0.01 Open account
$50 2 $0.00 4 ME 1:400 eToro webTrader, etoro Openbook, eToro Mobile Trader 2007 NFA, CySEC, ASIC, CFTC, MiFID, FCA FOREX, Bitcoin 0.1 Open account
$1 1.1 $1.60 5 IE/ME 1:2000 MT4, MT5 2008 CySEC, FCA FOREX, Cryptocurrencies, Metals, Energies, Indices 0.01 Open account
$50 0.7 $7 5 IE/ME 1:400 MT4, NinjaTrader, FXCM Trading Station ASIC, AFSL, FSCA, FCA FOREX, Stock basket, Indices and Commodities 0.01 Open account
$1 3 $17.00 4 IE 1:1000 MT4 2007 BVI FSC FOREX, Cryptocurrencies, Metals, Energies, Shares, Commodities 0.01 Open account
$10 1.8 $10.40 5 IE 1:500 MT4 2011 - FOREX, Metals, Shares 0.0001 Open account
$100 1.6 $12.00 5 IE/ME 1:1000 MT4, xStation 2007 FC FOREX, Cryptocurrencies, Metals, Shares, Indices, Commodities, Bonds 0.01 Open account
$1 1.1 $8.00 5 ME 1:3000 MT4 2009 IFSC FOREX, Metals, Oil, DAX 0.01 Open account
$1 2 $7.80 5 IE/ME 1:1000 MT4 2007 BVI FSC FOREX, Metals, Shares 0.01 Open account
$50 2 $12.00 5 ME 1:500 MT4, MT5 2005 - FOREX, Cryptocurrencies, Metals, Oil, Shares 0.01 Open account
$25 1.6 $12.00 5 ME 1:1000 MT4, MT5 2006 - FOREX, Metals, Commodities, Indices 0.01 Open account
$1 2 $10.40 5 IE/ME 1:500 MT4 2015 CySEC FOREX, Metals, Shares, Cryptocurrencies 0.01 Open account
$1 1.7 $1.92 5 ME 1:2000 MT4 2004 - Forex, Cryptocurrencies, Metals, Energies, Shares, Indices 0.01 Open account
$10 2 $4.80 5 IE/ME 1:1000 MT4 2008 VFSC FOREX, Metals, Indices, Cryptocurrencies 0.01 Open account
$10 1.4 $5.20 5 ME 1:1000 MT4, MT5, Web, cTrader 2009 IFSC, CySEC FOREX, Crypto, Metals 0.01 Open account
$100 0.6 $8.00 5 ME 1:300 MT4 2010 VFSC, CySEC, FCA FOREX, Metals, Oil, Indicies 0.01 Open account
$100 1.8 $8.00 5 ME 1:400 MT4, Blackwell Trader Pro 2010 FCA FOREX, Metals, Oil, Indices 0.01 Open account
$5 2 $4.00 5 IE/ME 1:1000 MT4, Web 2010 - FOREX, Cryptocurrencies, Metals, Oil, Shares, Indices 0.01 Open account
$1 1.9 $2.39 5 ME 1:500 MT4, MT5 2010 MFSA FOREX, Cryptocurrencies, Metals, Energies, Indices 0.01 Open account
$1,000 1.6 $4.00 5 ME 1:500 MT4, Web 2011 VFSC, CySEC FOREX, Cryptocurrencies, Metals, Energies, Indices, Shares 0.01 Open account
$1 1 $8.00 5 ME 1:3000 MT4 2012 - FOREX, Metals, Indices, Oil, Shares, Cryptocurrencies 0.01 Open account
$100 1.8 $8.00 5 ME 1:500 MT4 2014 FSA, FCA FOREX, Cryptocurrencies, Metals 0.01 Open account
$1 1.6 $8.00 5 ME 1:500 MT4 2013 FCA FOREX, Metals, Oil, Indices, Cryptocurrencies 0.01 Open account
$5 1.2 $6.40 5 ME 1:1000 MT4, Web 2010 - FOREX, Cryptocurrencies, Metals, Indices, Commodities, Shares 0.01 Open account
$10 1.2 $3.20 5 IE/ME 1:1000 MT4 1996 FSA Forex, Metals, Energies 0.01 Open account
$500 1.9 $5.60 5 ME 1:500 MT4, Web 2010 CySEC, MFSC FOREX, Metals, Futures, Indices, Commodities 0.01 Open account
$200 1.3 $1.60 5 ME 1:500 MT4, MT5 2009 ASIC FOREX, Cryptocurrencies, Metals, Indices, Commodities 0.01 Open account
$15,000 1.5 $4.00 5 ME 1:400 MT4 2006 ASIC FOREX, Metals, Oil, Indices 0.01 Open account
$1,000 1.8 $4.00 5 ME 1:200 MT4, MT5, Java, Integral, Web 2000 FINMA FOREX, Metals, Energies, Indices 0.01 Open account
$1 2 $1.32 5 ME 1:1000 MT4, MT5, cTrader 1998 BVI FSC FOREX, Metals 0.01 Open account
$100 1.2 $4.00 5 ME 1:500 MT4, MT5 2005 ASIC, CySEC FOREX, Cryptocurrencies, Metals, Oil, Indices, Equities, Commodities 0.01 Open account
$10 2.4 $4.00 5 IE/ME 1:1000 MT4, MT5 2012 FSC, CySEC FOREX, Cryptocurrencies, Metals, Shares, Futures, Indices, Commodities, ETF 0.01 Open account
$200 1.1 $4.00 5 ME 1:500 MT4, MT5, cTrader 2007 Seychelles FSA, ASIC FOREX, Cryptocurrencies, Metals, Oil, Indices 0.01 Open account
$300 1.4 $4.00 5 ME 1:500 MT4 2013 FSA FOREX, Metals, Energies, Indices 0.01 Open account
$100 1.2 $4.00 5 ME 1:1000 MT4, Web 2013 - FOREX, Metals, Energies, Shares, Indices 0.01 Open account
$1 1.4 $4.00 5 ME 1:500 MT4, Trade Interceptor, Web 2010 ASIC, FCA FOREX, Metals, Oil, Indices 0.01 Open account
$100 1.3 $3.64 5 ME 1:30 AvaTradeGO, MT4, MT5 2006 CBI, ASIC, FSA, FSB FOREX, Cryptocurrencies, Metals, Energies, Indicies, Shares, Bonds, ETFs, Bitcoin 0.01 Open account
$300 0.3 $3.20 5 ME 1:500 MT4, ZTP 2019 - FOREX, Cryptocurrencies, Metals, Oil, Indices 0.01 Open account
$1 1.1 $3.20 5 ME 1:500 MT4 2007 ASIC, FCA, DFSA FOREX, Cryptocurrencies, Metals, Oil, Indices 0.01 Open account
$100 1.2 $3.20 5 ME 1:500 MT4, Web 2016 ASIC FOREX, Metals, Oil, Indices 0.01 Open account
$200 1.2 $3.20 5 ME 1:500 MT4, MT5, Web 2006 ASIC FOREX, Metals, Indices, Commodities, Cryptocurrencies 0.01 Open account
$200 1.2 $3.20 5 ME 1:500 MT4, MT5, Web, cTrader 2010 ASIC, FCA FOREX, Cryptocurrencies, Metals 0.01 Open account
$1 0.9 $3.00 5 IE/ME 1:500 MT4 2005 FC FOREX, Metals, Indices, Energies 0.01 Open account
$100 0.6 $1.68 5 ME 1:500 MT4, MT5 2001 ASIC, FCA FOREX, Cryptocurrencies, Metals, Energies, Shares, Indices, Bonds 0.01 Open account
$250 0.8 $1.28 5 ME 1:400 MT4, MT5, ActivTrader 2001 FCA FOREX, Metals, Indices, Commodities, Shares 0.01 Open account
$100 0.3 $0.00 5 ME 1:30 MT4, JFOREX 3 1998 FINMA FOREX, Metals, Indices, Shares, Bonds, Energies, ETF, Cryptocurrencies 0.01 Open account
$1 2.0 $0.00 5 ME 1:50 OANDA fxTrade, OANDA fxTrade on MetaTrader 4, fxTrade Mobile , fxTrade API 1996 CFTC, NFA, FSA, IIROC, MAS FOREX, Metals, Gold 0.00001 Open account
$100 3 $0.00 5 IE 1:200 MarketTrader 4/5, WebTrader, Mobile Trader, AutoTrader 2009 CySEC, FSCL FOREX, Stocks 0.01 Open account
$1 1.5 $0.00 5 ME 1:200 Web platform, mobile and tablet apps 1989 Financial Conduct Authority (FCA) Forex, Stocks, Bonds, Commodities, ETFs 0.01 Open account
$100 1.5 $0.00 5 IE/ME 1:200 MT4, MT5 1977 CySEC, FCA, MiFID, DFSA, SFC FOREX, Oil/Gas, Commodities, Stocks, Indexes, Bitcoin, Ethereum, Litecoin 0.02 Open account
$10 1 $0.00 5 IE 1:500 MetaTrader 4, MetaTrader 5, Web-trader, Grand Trade mobile app 2006 Financial Commission, Serenity FOREX, CFD on shares, metals, indices, Bitcoin, cryptocurrencies 0.1 Open account
$10 0.5 $0.00 4 IE 1:500 Metatrader 4 2010 MFEM (Vanuatu) Metals, CFDs, 64 currency pairs, over 140 financial instruments available 0.01 Open account
$5 0.5 $0.00 5 IE 1:1000 MetaTrader 4, MetaTrader 5 1998 FSC Mauritius Gold, Silver, Bitcoin 0.01 Open account
$1 2 $0.00 4 IE 1:3000 MetaTrader4 desktop/mobile, WebTrader 2011 IFSA FOREX 0.01 Open account
$100 3.5 $0.00 4 IE 1:400 Meta Trader 4 1996 CySEC FOREX 0.01 Open account
$1 3 $0.00 4 IE 1:700 Meta Trader 4 1995 NFA, CFTC, ASIC, FSA(UK), MAS FOREX 0.01 Open account
$100 3.5 $0.00 5 IE 1:1000 MT4, Webtrader, PMAM, Multiterminal 2010 FCA, ASIC, FSCA, CySEC Forex, Spot Metals, CFDs on commodities, indices and shares, futures, cryptocurrencies 0.01 Open account
$500 4 $0.00 5 IE 1:200 MetaTrader4 2007 CySEC FOREX 0.01 Open account
$500 2.5 $0.00 5 IE 1:400 MetaTrader 4 , Gwazy, AMO 1988 CySec, FCA, ACPR, BaFin, MiFID FOREX, Spot Precious Metals, CFD Indices, CFD Bonds, CFD Commodities 0.01 Open account